IRS Free File Opens Today

January 13, 2017 by Income Tax Pro

The IRS website states that Free File will open for use today.
Free File partner companies, however, will need to hold your completed income tax return until January 23,
when the IRS begins accepting e-filed returns. Taxpayers claiming the Earned Income Tax Credit (EITC) or the
Additional Child Tax Credit should expect a delay in processing until February 15 which is
required by law as a fraud prevention effort.

Income Below $64,000

If your household income is below $64,000 then the IRS Free File partner companies allow
the use of their software for free. The federal IRS portion of your income tax preparation
is free, the state tax return might not be free.

Income Above $64,000

If your household income is above $64,000 then you will have to upgrade from Free File
to another edition of income tax preparation software, or, use the IRS Free File fillable
tax forms provided.

Regardless of the method you end up with, always remember to print and save your complete
income tax return. If you forget to print your tax return, the IRS may only provide you with
a free transcript, not the forms as you would normally print and completed them.

Visit the IRS Free File
website to get started on your 2016 calendar year income tax preparation.

Printable federal tax forms, state tax forms, tax form instructions booklet,
income tax brackets, software, prices and features may change without notice or be
outdated. Use of this web site is not a consultation. The current tax year for individuals is
2017, with taxes due April 17, 2018.